Cubist Systematic Strategies LLC Purchases New Shares in Zuora, Inc. (NYSE:ZUO)

Cubist Systematic Strategies LLC acquired a new stake in shares of Zuora, Inc. (NYSE:ZUO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 132,806 shares of the company’s stock, valued at approximately $1,319,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Zuora at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Scalar Gauge Management LLC raised its holdings in shares of Zuora by 35.4% during the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after acquiring an additional 1,332,343 shares during the period. Solel Partners LP grew its position in Zuora by 13.5% during the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after purchasing an additional 483,445 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Zuora during the 2nd quarter valued at $85,000. XTX Topco Ltd purchased a new stake in shares of Zuora in the second quarter valued at $225,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of Zuora by 18.0% in the second quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock worth $7,409,000 after buying an additional 113,597 shares during the period. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zuora

In other news, insider Peter Hirsch sold 58,267 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $9.06, for a total transaction of $527,899.02. Following the completion of the sale, the insider now owns 14,566 shares in the company, valued at approximately $131,967.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Tien Tzuo sold 114,825 shares of Zuora stock in a transaction on Monday, July 8th. The shares were sold at an average price of $9.05, for a total value of $1,039,166.25. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at approximately $57,485.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Hirsch sold 58,267 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $9.06, for a total transaction of $527,899.02. Following the sale, the insider now owns 14,566 shares of the company’s stock, valued at $131,967.96. The disclosure for this sale can be found here. Insiders have sold a total of 301,833 shares of company stock worth $2,719,755 over the last three months. Corporate insiders own 8.62% of the company’s stock.

Zuora Stock Down 2.8 %

Shares of Zuora stock opened at $8.38 on Wednesday. The stock has a 50-day simple moving average of $8.73 and a 200-day simple moving average of $9.22. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $10.85. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -19.49 and a beta of 1.72. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. The company had revenue of $115.40 million during the quarter, compared to the consensus estimate of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.12) earnings per share. On average, equities research analysts expect that Zuora, Inc. will post -0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZUO has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $15.00 price target on shares of Zuora in a research report on Thursday, August 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and reduced their price target for the stock from $12.00 to $10.00 in a research report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Zuora has an average rating of “Moderate Buy” and an average price target of $11.86.

Zuora Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.